Results for National Reserve Bank of Tonga

Issue of the Revised Anti-Money Laundering/ Counter Financing of Terrorism (AML/CFT) Guideline. The National Reserve Bank of Tonga, in its capacity as the Transaction Reporting Authority (TRA), is issuing the Revised AML/CFT Guideline pursuant to section 11A(o) of the Money Laundering and Proceeds of Crime (Amendment) Act 2010 [MLPC Act]. Tukuatu ‘o e Tohi Fakahinohino ki hono fakafepaki’i hono fe’ave’aki fakapulipuli ‘o e pa’anga kaka, pa’anga hiamatea mo e fakapa’anga ‘a e ngaahi ngaue fakatautoitoi. Official Press Release from the National Reserve Bank of Tonga (English and Tongan).

Counterfeit $50 and $10 pa'anga notes found in Tonga lack watermarks and security threads, the National Reserve Bank of Tonga warns.

Tonga's banks remain flush with funds, and are being urged to lend more to help stimulate an economy that looks as if it has stalled this year, as all key industries in Tonga except for construction recorded falls in lending, according to figures released today.

The Governor of the National Reserve Bank of Tonga Siosi Mafi left the bank on 5 July after 10 years as Governor.

Although Tonga’s economy continues to be weak, there are some positive indicators, according to a market update on July 1, by the Deputy Governor of Tonga’s National Reserve Bank, Jessie Cocker, who met with senior regional officers of ANZ Bank on June 28.

Although Tonga lacks real statistics on the economic cost of domestic violence, the cost of the crime to the country is huge. Awareness is the key, and it is not easy to estimate the cost of family violence unless we all come out and talk about it, Siosi Mafi, the Governor of the National Reserve Bank of Tonga said on April 17.

Foreign Reserves held by the National Reserve Bank of Tonga rose by $3.6 million, from $253.7 million in November to $257.3 million in December, or 9.3 months of imports.

A continue decline of Tonga's foreign currency earnings has stifled the growth of the Tongan economy, the Governor of the National Reserve Bank of Tonga, Mrs Siosi Mafi said this morning, May 31.

The Governor of the National Reserve Bank of Tonga, Mrs Siosi Cocker Mafi, stated that at its meeting on 28 July 2009 the Reserve Bank Board noted that economic activity continued to slow down due to the impact of the global financial crises and contributing to this slow down is the decline in domestic credit growth. Domestic banks are tightening their lending criteria due to high non performing loans.